Project Upstart INC FY2022 filing

Not tax-deductible

Taylorsville, UT501(c)(4)Since 2019Youth Development EIN 84-2864795Revenue $1.8M in FY2022

On file with the IRS4246 South Riverboat Road Suite 15, 84123-2561 · Taylorsville, UTTax-exempt since Apr 2022

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Project Upstart advocates to the public and legislative bodies for support of early childhood education intervention, particularly focusing on children from lower socioeconomic strata and other at-risk groups to combat disparities in educational opportunities.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $47K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$175K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+35% vs prior year
Spent
$1.9M
To programs
100%
Net assets
$225K
By yearFY2021–FY2025
Revenue
$1.8M
FY2022▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.8M
FY2023$2.6M
FY2024$1.9M
FY2025$1.2M
Expenses
$1.9M
FY2022▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2022$1.9M
FY2023$2.4M
FY2024$1.9M
FY2025$1.4M
Net assets
$225K
FY2022▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2021$330K
FY2022$225K
FY2023$435K
FY2024$407K
FY2025$279K

From the FY2022 Form 990 (year ending August 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.9M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chair of the Board
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President & Treasurer
$0Pt VII · Sec A
See Project Upstart INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes equity by advocating for early childhood education support and intervention.

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2021
01

Performing advocacy activities on behalf of grantor(s) in furtherance of advocating, primarily, for upstart program to be adopted in a variety of states.

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.8M
Money outPt IX
$1.9M
Ln 25
Programscol B$1.9M
Owns and owesPt X
$225K
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$400K
LiabilitiesLn 26$175K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$276K
Cash and savings togetherLn 1–2$276K
Total assetsLn 16$400K
LiabilitiesLn 26$175K
Net assetsLn 32$225K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$152K$276K
Total assetsLn 16$839K$400K
LiabilitiesLn 26$509K$175K
Net assetsLn 32$330K$225K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$201K$201K
Other employee benefitsLn 9$58K$58K
Accounting feesLn 11c$16K$16K
Lobbying feesLn 11d$1.5M$1.5M
Other expenses (24a–d)Ln 24$94K$94K
Total functional expensesLn 25$1.9M$1.9M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.4M−$128K$279K 990 PDF
FY2024 $1.9M$1.9M−$27K$407K 990 PDF
FY2023 $2.6M$2.4M$210K$435K 990 PDF
FY2022 Viewing $1.8M$1.9M−$105K$225K 990 PDF
FY2021 $1.3M$1.5M−$182K$330K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,810,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,336,605$1,810,830
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,336,605$1,810,830
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $268,187$258,644
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,250,826$1,657,094
I-18 Total expensesPrior year $1,519,013$1,915,738
I-19 Revenue less expensesPrior year −$182,408−$104,908
Part VI · Governance 2 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,810,830 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,810,830
VIII-1h Total contributions, gifts and grants$1,810,830
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,810,830
Part IX · Statement of functional expenses $1,915,738 across 5 lines filed
IX-7 Other salaries and wagesPrograms $200,663$200,663
IX-9 Other employee benefitsPrograms $57,981$57,981
IX-11c Accounting feesPrograms $15,896$15,896
IX-11d Lobbying feesPrograms $1,546,820$1,546,820
IX-24 Other expenses (24a–d)Programs $94,378$94,378
IX-25 Total functional expensesPrograms $1,915,738 · Management $0 · Fundraising $0$1,915,738
Part X · Balance sheet $399,765 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $152,403$276,435
X-4 Accounts receivableStart of year $686,605$123,330
X-16 Total assetsStart of year $839,008$399,765
X-17 Accounts payable and accrued expensesStart of year $509,132$174,797
X-26 Total liabilitiesStart of year $509,132$174,797
X-32 Total net assets or fund balancesStart of year $329,876$224,968
X-33 Total liabilities and net assetsStart of year $839,008$399,765
Part XI · Reconciliation of net assets $224,968 net assets at year end
XI-1 Total revenue$1,810,830
XI-2 Total expenses$1,915,738
XI-3 Revenue less expenses−$104,908
XI-4 Net assets at start of year$329,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$224,968

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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